International Journal of Learning and Intellectual Capital (8 papers in press)
On the Relationship Between Intellectual Capital and Service SME Survival and Growth: A Dynamic Panel Data Analysis
by Filipe Sardo, Serrasqueiro Zelia
Abstract: The purpose of this paper is to analyse the relationships between intellectual capital components, i.e., human capital, structural capital and relational capital and growth of small and medium-sized enterprises (SMEs). Using data for two sub-samples of Portuguese SMEs, belonging to the service (6192 SMEs) and manufacturing (5977 SMEs) industries, this study resorts to Heckman two-step estimation method and dynamic panel data models. The findings suggest that all the components of intellectual capital, i.e., human capital, structural capital and relational capital are positively related to the service and manufacturing SME growth. Also, the inter-relationships between intellectual capital components, measured by the interaction variables human capital*structural capital, human capital*relational capital, structural capital*relational capital are positively related to SME growth. The results obtained highlight the importance of intellectual capital and the interrelationships between its components for the service and manufacturing SME survival and growth.
Keywords: Intellectual Capital; Growth; Manufacturing; Service; SMEs; Survival.
IPO prospectus: Exploring the expectation gap on Intellectual Capital information
by Shaw Warn Too, Chee Kwong Lau, Wei Qi Kek
Abstract: This study explores the preparers and users views on the decision
usefulness of intellectual capital (IC) information in the prospectuses of firms
undergoing listing for the first time (IPO firms) in the Malaysian securities
market. In addition, the categories of IC information (i.e., external, internal and
human capital) in relation to specific industry sectors are considered.
Questionnaire survey forms were distributed to 126 respondents who
comprised preparers and users of initial public offering (IPO) prospectuses.
Both parties considered IC information as useful for decision-making and
external capital was considered the most important category of disclosure.
Preparers were willing to supply IC information in the prospectus and users
indicated that they intended to use it for decision-making. However, there was a
major mismatch in the supply and demand of IC information by category in
IPO issues in some industry sectors suggesting the existence of an information
asymmetry gap between preparers and users.
Keywords: Intellectual capital; external capital; internal capital; human capital; IPO; prospectus; Malaysia; disclosure; asymmetry gap; industry.
Evaluation of the Impact of Information Technology Capital and Intellectual Capital on Future Returns of Companies in the Capital Market
by Hasan Hosseini, Fatemeh HaghverdiZadeh, Keivan Zeinali
Abstract: This study evaluates the relationship between information technology capital, organisational capital, relational capital and innovation capital and the companys future returns on capital markets. The research method is applied and the used statistical method is regression model of ordinary least squares (OLS). The statistical sample included 50 companies operating in the capital market from 2009 to 2013.The results of the research hypothesis test indicate that with increasing the level of information technology capital and intellectual capital subsets, including organisational capital, relational capital and innovation capital, future returns of the companies also increase. The results of the research also showed that information technology capital played the most important role in the future returns of the companies, and among the subsets of the intellectual capital, the relational capital had the greater impact on future returns.
Keywords: stock returns; information technology; relational capital; innovation capital; organizational capital.
The effect of organisational culture items on entrepreneurial behaviour of knowledge workers in Iranian knowledge-based companies
by Anahita Ahmadi, Mehdi Abzari, Ali Nasr Isfahani, Ali Safari
Abstract: Today, developing entrepreneurial environment within the organisation has become the basic need of many organisations. Since organisational culture affects all organisational processes, organisations are creating their own culture so as to facilitate entrepreneurial behaviours. This study aims to determine the effect of organisational culture items on entrepreneurial behaviour of knowledge workers of Iranian knowledge-based companies, through servant leadership mediator. The statistical population includes all knowledge workers of Iranian knowledge-based companies in Isfahan City. Based on Krejcie-Morgan table, size of the sample (n = 165) is determined. The research is conducted in descriptive-analytical manner and data collection is done through questionnaire. Then, collected data is analysed through PLS Software. The results suggest that certain aspects of organisational culture (involvement culture, adaptability culture, consistency culture, and mission culture) affect worker's entrepreneurial behaviour significantly. In addition, servant leadership mediates in the association between organisational culture and entrepreneurial behaviour of knowledge workers significantly.
Keywords: organisational culture; servant leadership; knowledge worker; entrepreneurial behaviour.
Model design for knowledge management and organisational learning for business schools
by Jenny Martinez-Crespo, Hernan Lopez-Arellano
Abstract: This paper proposes a conceptual model for comprehending the knowledge management and organisational learning process at business schools located in Antioquia (Colombia). It is essential to understand how they create value through the PhD education of their professors. The methodology used for this research is qualitative reflexive. The document analysis was the strategy used to identify, in higher education institutions (HEIs), the current models of knowledge management and organisational learning. The theoretical-methodological starting point was the model proposed by Burrell and Morgan (1979). The authors have built a four-dimensional model that will enable researchers and deans of business schools to assess and discuss what are the knowledge management and organisational learning practices that fit into their knowledge management strategy (KMS), their value generation expectations and their long-term goals.
Keywords: KM; knowledge management; OL; organisational learning; HEIs; higher education institutions; model design; BS; business schools; PhD education.
Does voluntary disclosures contributed to the intellectual capital efficiency?
by Amina Mohammed Buallay, Allam Mohammed Mousa Hamdan, Qasim Zureigat, Esra Saleh Al Dhaen
Abstract: This study examined the relationship between voluntary disclosures (VD) and intellectual capital (IC) efficiency. The independent variables constitute 12 VD self-constructed indices with total 55 disclosure items. HCE, SCE and CEE form the components of the dependent variable which is IC efficiency. Four control variables used for measuring the relationship between VD and IC. A pooled data of 150 observations from Bahrain listed firms for the period 2011-2015 was examined, a multiple regression model was incorporated under random-effect method. The analysis indicates that disclosure index of corporate information is the highest 89.3% whereas the annual report disclosure index ranked Bahraini firms the lowest disclosure with 57.1%. The findings revealed VD positively affect the components of IC. VD indices found to be higher with firm's big assets/older age. General corporate information/financial indexes found higher in younger firms. It was found more VD the higher IC Efficiency since VDI found to be significant in all models.
Keywords: HCE; human capital efficiency; SCE; structural capital efficiency; CEE; capital employed efficiency; VD; voluntary disclosure; IC; intellectual capital; Kingdom of Bahrain.
Non-academic factors influencing students' achievement: a study in the Indonesian madrasahs
by Mohammad Ali, Bahrul Hayat
Abstract: This study aimed to find out non-academic factors influencing junior secondary school students' achievements. The sample for this study was Year 9 students of Islamic junior secondary schools or madrasahs across the country. Data on students' achievement was taken from the results of the students' scores in their national examination which cover the score of Mathematics, Science, the Indonesian language and English subjects; while data on non-academic factors was collected by using a set of rating-scaled questionnaires. Findings of the study showed that the variable of students' gender and age influenced their achievement together with grade repetition, resources at home, parent's education and expected level of education attainment, number of school resources, the condition of schools' facilities, number of lesson per week for a subject, qualification of the teachers, teachers' lesson plan and assessment plan, and teachers' and principals' feedback on lessons.
Keywords: non-academic factors influencing students' achievement; The Indonesian madrasah students' achievement.
Intellectual capital, governmental presence, and firm performance of publicly listed companies in Malaysia
by Qian Long Kweh, Irene Wei Kiong Ting, Le Thi My Hanh, Cheng Zhang
Abstract: This study analyses the association between intellectual capital (IC) and firm performance and the differential impact of IC on firm performance between firms with and without government ownership. Data on the top 200 companies listed on the Malaysian Stock Exchange from 2010 to 2015 are used to estimate the value added intellectual coefficient (VAIC™) model. The ordinary least squares results indicate that firms with and without government ownership differ in firm performance and IC. Capital employed efficiency (CEE), human capital efficiency (HCE), and total IC have significantly positive impacts on firm performance. However, the significantly positive impacts of CEE and HCE on firm performance are only found in firms without government ownership. The significantly negative effect of government presence is confirmed in the pooled data analysis, whereby only CEE is significantly related to firm performance for firms with government ownership.
Keywords: intellectual capital; governmental presence; firm performance; VAIC™.